In many cases, renewable resources have less value compared to nonrenewable resources. From an economic standpoint.

Question

Group of answer choices

True

False

Answer 1

True

From an economic standpoint, renewable resources may be considered to have less value compared to nonrenewable resources in certain contexts. This is often due to factors such as higher initial investment costs, potential intermittency in supply (like solar and wind resources), and the need for advanced technology to harness them effectively. Nonrenewable resources, such as fossil fuels, have been established industries with existing infrastructure, making them often cheaper and more readily deliverable in the short term. However, it's worth noting that this valuation can change over time as technology progresses and society increasingly values sustainability.